Credit Limit Increase Fee

Explanation: The credit-card company that assessed this fee explained it in the terms and conditions as follows: â??Each time your Account is eligible and approved for an unsecured credit limit increase, a Credit Limit Increase Fee of $25 is imposed. This fee is automatically assessed upon approval of your credit limit increaseâ??.

Our Thoughts: Basically, theyâ??re charging you to allow you to spend more money on their credit card. Wow!